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The Pros and Cons of Home Owners Associations (HOAs) [Video]

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Most new home developments have HOAs (homeowners associations) and covenants. Covenants are rules and guidelines that a homeowner must abide by in a neighborhood. HOAs charge homeowners fees to enforce covenants, maintain parts of the neighborhood or even maintain the houses themselves. HOAs and covenants are almost always attached to condos and townhomes, and many single-family houses as well. If you buy an older home you may find there is no HOA, but you will still have to follow local government rules. There are pros and cons to HOAs and covenants, some people like the rules because it keeps the neighborhood looking nice, while others do not like someone telling them what they can and cannot do. There can also be some huge surprises when you own a property in an HOA that we will talk about.

Why do HOAs and covenants exist?

Most newer subdivisions (within the last 20 years) have an HOA and covenants. …

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Investors

Another Carried-Interest Carveout - WSJ [Video]

Democrats spare real-estate partnerships from a longer holding period.